Reportstack has announced a new market research publication on Global Hadoop Market which finds the market to be growing at a CAGR of 42.04 percent by 2018. Apache Software Foundations developed Hadoop as a platform for processing large datasets across clusters of computers. There has been an increasing demand for Hadoop-based data management considering the substantial benefits it is providing over traditional RDBMS. In addition, the focus on Big Data solutions is also increasing as firms are finding the need to convert raw data to useful information for providing better business insights.
Research and analysis by senior TechNavio analysts has identified several major trends driving the Hadoop market, including increasing consideration for NoSQL by developers, more market consolidation among vendors and huge demand for Hadoop solutions from SMEs.
Data has become an integral part of an organization along with other critical factors of production such as human resources, capital, and other assets. Information gathered by a company has not only become a basis of competition, but also a way in making better decisions and enhancing productivity. Further, the large generation of structured and unstructured data is increasing the need for data management solutions that are easily scalable and that can process data efficiently and quickly. Along with this, many other drivers and positive trends existing in the market will be driving the growth of the Global Hadoop market during the forecast period.
To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Top Companies in the Global Hadoop Market report.
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